HomeWisconsinPolk CountyBalsam Lake
Balsam Lake, Wisconsin: commercial real estate data.
Balsam Lake is a Census village of 754 people across 2.22 square miles of land, in Polk County. Median household income is $52,011, 80.7 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $2.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Balsam Lake
What Balsam Lake is
- Census place typevillage
- Land area2.22 sq mi
- Water area1.24 sq mi
- Population per square mile of land339
- County holding the largest share of its areaPolk County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balsam Lake
How many people live in Balsam Lake
- Population754
- Median age55.9
- Population under 1891 plus or minus 29
- Share under 1812.1 percent plus or minus 3.5
- Population 65 and over252 plus or minus 53
- Share 65 and over33.4 percent
- Households383
- Family households186 plus or minus 40
- Share of households that are families48.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balsam Lake
Income and work in Balsam Lake
- Median household income$52,011
- Per capita income$38,537
- Civilian labor force277 plus or minus 57
- Employed274 plus or minus 56
- Unemployed3 plus or minus 5
- Unemployment rate1.1 percent plus or minus 1.8
- Adults 25 and over631
- Adults 25 and over with a high school diploma or higher89.9 percent
- Adults 25 and over with a bachelor degree or higher17.7 percent plus or minus 5.2
- Adults 25 and over with a graduate degree5.5 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balsam Lake
Housing in Balsam Lake
- Housing units642
- Occupied units383
- Vacant units259 plus or minus 58
- Vacancy rate40.3 percent
- Owner occupied309
- Renter occupied74 plus or minus 27
- Ownership rate80.7 percent
- Median owner-occupied home value$210,200 plus or minus $48,496
- Median gross rent, monthly$975 plus or minus $737
- Annual rent as a share of median income22.5 percent plus or minus 17.1
- Single family units474
- Share single family73.8 percent
- Units in buildings of two or more62 plus or minus 30
- Share in buildings of two or more9.7 percent plus or minus 4.6
- Mobile homes106 plus or minus 36
- Median year structure built1978
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balsam Lake
How Balsam Lake gets to work
- Workers 16 and over who commute245 plus or minus 51
- Commuting under 15 minutes96 plus or minus 34
- Share commuting under 15 minutes39.2 percent plus or minus 11.1
- Commuting 30 minutes or more61 plus or minus 22
- Share commuting 30 minutes or more24.9 percent plus or minus 7.1
- Drove alone69.7 percent
- Carpooled8.4 percent plus or minus 6.3
- Public transport0.0 percent
- Walked11.3 percent plus or minus 7.3
- Worked from home10.6 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balsam Lake
SBA loans in Balsam Lake (7(a))
- Approvals3
- Gross approval$2,242,000
- Average approval$747,333
- Median approval$702,000
- Largest approval$1,440,000
- Jobs supported47
- Jobs per approval15.7
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term240 months
- Share on real estate terms of 20 years or more66.7 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Balsam Lake, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Balsam Lake
SBA loans in Balsam Lake (504)
- Approvals3
- Gross approval$698,000
- Average approval$232,667
- Median approval$223,000
- Largest approval$331,000
- Jobs supported13
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Balsam Lake, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Balsam Lake
Flood risk in Balsam Lake
- NFIP communityVillage of Balsam Lake
- NFIP community number550333
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/16/11
The Village of Balsam Lake participates in the National Flood Insurance Program as community 550333 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Polk County, not Balsam Lake
Polk County context, not Balsam Lake figures
- Establishments in Polk County1,163
- Covered employment, Polk County16,162
- Average annual pay, Polk County$47,798
- Housing units permitted, Polk County247
Every figure in this section is published for Polk County as a whole and is not a measurement of Balsam Lake.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Balsam Lake questions, answered from the record.
How many people live in Balsam Lake, Wisconsin?
754, in 383 households. Balsam Lake village covers 2.22 square miles of land, which is 339 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Balsam Lake in?
Polk County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Balsam Lake?
$52,011. The median owner-occupied home is valued at $210,200. Median gross rent is $975 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Balsam Lake businesses?
3 7(a) approvals totaling $2.2 m since FY2020, across 2 lenders, median approval $702,000, plus 3 504 approvals worth $698,000 since FY2010. These count approvals to borrowers whose address is in Balsam Lake, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Balsam Lake borrowers get paid back?
No rate is published for Balsam Lake. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Balsam Lake in the National Flood Insurance Program?
Yes. Balsam Lake appears in the FEMA Community Status Book as Balsam Lake, village of, community 550333, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Balsam Lake figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Polk County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Balsam Lake.
Is zoning published for Balsam Lake?
No. Nothing on this page presents parcel level zoning.
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